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20121202
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in washington, d.c. i bet you if you could hold another election in january if they allow that to happen, republicans would lose control of the house. i think this is going to be their downfall and i believe more and more republicans privately understand that. and they're worried. they're worried. i don't think politically they can afford to stick to their guns and if they do, you know, they're going to pay the price. victoria is in warwick rhode island. good morning. >> caller: hi, how are you? >> bill: i'm good. what's your point this morning? >> caller: my point is i'm sick and tired of their domination. you know? >> bill: yeah. and they lost the election, right, victoria? >> caller: i know. but they still -- this is all about domination. they want to call the shots. and it's time for them to get kicked to the curb! if not into the middle of the street! [ laughter ] you know? this baloney. they have been so destructive for the last four years. not only that, so insulting to our own president. we've never b
do well. having said that, welcome again, mr. secretary. just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing administration have been well-known. during the housing boom, the f.h.a. unweissly, i thought, guaranteed -- unwisely, i thought, guaranteed millions of risky mortgages with low down payments to borrowers with poor credit scores. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse, i think, by failing to come to grips with the magnitude, mr. secretary, of the problems. back in 2007, as the federal housing administration's poor financial position was becom
Search Results 0 to 1 of about 2